Lineage (LINE) to Release Earnings on Wednesday

Lineage (NASDAQ:LINE) is expected to be announcing its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.71 per share and revenue of $1.35 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Lineage Price Performance

Shares of LINE stock opened at $54.02 on Tuesday. Lineage has a fifty-two week low of $52.75 and a fifty-two week high of $89.85. The stock’s 50-day moving average is $57.80 and its two-hundred day moving average is $68.95. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a $0.5275 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.11 dividend on an annualized basis and a yield of 3.91%.

Analysts Set New Price Targets

LINE has been the subject of several recent research reports. Scotiabank decreased their target price on shares of Lineage from $76.00 to $73.00 and set a “sector outperform” rating for the company in a research report on Monday, February 3rd. Robert W. Baird cut their price target on Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Mizuho lowered their price objective on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. downgraded shares of Lineage from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $78.00 to $75.00 in a report on Friday, December 20th. Finally, The Goldman Sachs Group dropped their price objective on shares of Lineage from $89.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lineage presently has an average rating of “Moderate Buy” and a consensus target price of $84.88.

About Lineage

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.